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How IOCs Connive Against Dangote Refinery, Nigeria’s Economy

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Dangote Tackle forex shortage with sugar

The reluctance of International Oil Companies (IOCs) operating in Nigeria to shift from exporting Nigeria’s crude to supplying the newly inaugurated 650,000-barrel-capacity Dangote Refinery has been identified as capable of major economic impact.

The connivance of the IOCs came to the fore when the President of the Dangote Group, Alh Alike Dangote spoke to the CNN recently.

In the interview, Alh Dangote pointed out that the IOCs in Nigeria were demonstrating reluctance to sell crude oil to the Dangote Refinery.

He observed that IOCs might have become accustomed to exporting crude for foreign exchange, an operational standard they were reluctant to tamper with.

Alh Dangote pointed out that the new refinery had been dependent on the Nigerian National Petroleum Company Limited (NNPC Ltd) for it supply of crude, since the IOCs prefer to be exporting.

He said, “The NNPC is doing its best, but some of the IOCs, they are struggling to give us crude, everybody is used to exporting and nobody wants to stop exporting.”

The industrialist decried that Africa was not witnessing the desired economic growth because of exportation of raw materials and importation of the same as finished goods.

“Africa is not going the way it should because we export raw materials and import finished goods. It doesn’t matter what it is, even if it is gold or whatever, raw material is always priced at a ridiculous amount compared to finished goods,” Dangote pointed out.

In his opinion, those benefitting from importation of refined products would not want the refinery to succeed.

Drawing attention to the capacity of the Dangote Refinery, he disclosed that it would take about 21 million barrels of crude oil from Nigeria every month. He explained with Dangote Refinery operating at full capacity, that 21 ships of crude would no longer import or export oil into Africa.

He clarified that, “Almost 21 ships will no longer leave the African continent, either from Nigeria or Angola, we will be able to take those crudes and be able to refine and distribute the product. I feel very proud as an African that we have been able to demonstrate that it can be done, and we’ve done it.

“If we take all the crudes from Nigeria, it means we will take 21 million barrels per month and that will also help in terms of reducing the C02 emissions.

“Rather than ships coming from Europe to bring in products, or the ships going out of Nigeria, 21 ships going out of Nigeria every month, and then you have the product coming into Nigeria. In totality, when you calculate, you are talking about 480 ships of 1 million barrels.”

Recall that in April, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), issued a new policy requiring oil producers to priotitise sale of crude to domestic refineries before attending to foreign demands.

However, The PUNCH reports that “It appears the IOCs are not obeying this directive.”

In what appears to be a confirmation that the IOCs are actually conniving against the Dangote Refinery, the spokesperson for the NUPRC, Olaide Shonola, said the commission was intervening to ensure the local sale of crude to Dangote and other refineries in the country.

According to Shonola “We’ve been intervening and intervening. I am sure you’re aware of a recent meeting that was held with them on domestic crude oil supply. We will keep engaging them, NUPRC has been doing that.

“I can’t say we will force them, but as the regulator, we can mandate. And that’s what we are doing, giving clear directives that this must be done. We will just keep on engaging and you will agree with me that most of these things have to be planned. We will keep on engaging. We will do our regulatory function in that area.”

It is not clear if the regulatory authorities are contemplating sanctions against the erring IOCs.

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‘Leave Sowore Alone, Fight Terrorists Instead’ — Timi Frank Slams Security Agencies

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Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged Nigeria’s security agencies to stop the arrest and detention of activist and presidential candidate, Omoyele Sowore, and instead channel their energy toward tackling bandits and terrorists across the country.

Frank made the call in a statement issued on Tuesday, describing the arrest of Sowore as a “national disgrace” and accusing the State Security Service (SSS) of misplaced priorities amid worsening insecurity in Nigeria.

SEE MORE: BREAKING: “Rescue the Children or Resign” — Sowore Marches on Aso Rock as Security Tightens

He said it was alarming that security operatives were focusing on political figures while violent groups continue to unleash terror on innocent citizens in several parts of the country.

“It is unfortunate that the SSS seems more interested in going after opposition figures than confronting the bandits and terrorists terrorising innocent Nigerians. This arrest is clearly politically motivated,” Frank said.

He argued that while security agencies expend resources tracking government critics, armed groups responsible for killings, kidnappings, and displacement continue to operate with little resistance.

Frank, who also serves as Ambassador of the United Liberation Movement for West Papua to East Africa and the Middle East, warned that such actions could erode public trust in security institutions and further deepen tensions ahead of the 2027 general elections.

He called on security agencies to redirect their attention to real threats facing citizens, stressing that national security should not be politicised.

Meanwhile, Timi Frank maintained that Nigeria’s priority should be restoring safety and stability rather than targeting dissenting voices.

 

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2027 Elections: NYSC DG Warns Corps Members Against Political Campaigns, Gives Reasons

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Gombe NYSC Prioritises Safety of Corps Members

The Director-General of the National Youth Service Corps (National Youth Service Corps), Brig.-Gen. Olakunle Nafiu, has warned corps members to steer clear of partisan political activities ahead of the 2027 general elections, stressing the need to preserve the scheme’s long-standing neutrality.

Nafiu gave the warning on Tuesday during a town hall meeting with 2026 Batch ‘B’ Stream I corps members at the temporary NYSC orientation camp in Amada, Akko Local Government Area of Gombe State.

He cautioned corps members against attending political campaign rallies or engaging in any activity that could suggest alignment with any political party, noting that such actions could damage the credibility of the NYSC.

READ MORE: Why NYSC Stopped Orientation Exercise for Corps Members in Niger State

According to him, the reputation of the scheme has been built over decades of political neutrality, which has made corps members trusted participants in national elections under the Independent National Electoral Commission (Independent National Electoral Commission).

“And since 1999, we have continued to strengthen our democratic process season after season. We are going into another electioneering season, and campaigns will soon begin. Don’t go to campaign grounds as a corps member,” he said.

The NYSC boss further warned corps members against wearing official uniforms or insignia to political gatherings, saying such appearances could easily be misinterpreted by the public.

“If I grab you with this face cap, this crested vest, this white-on-white and this khaki at a campaign ground and they capture you, the headline will be: ‘NYSC aligns with XYZ party,’” he cautioned.

Nafiu stressed that Nigerians and the international community have continued to trust corps members during elections because of their neutrality, adding that this trust must not be compromised.

He also urged corps members to become agents of positive change in society rather than passive critics, encouraging them to embrace discipline, hard work, and meaningful engagement.

In addition, he advised them to reduce excessive use of social media and focus on productive activities such as entrepreneurship and networking.

In a lighter moment, the DG announced the donation of a cow to the orientation camp community, which drew cheers from corps members.

Earlier, the Gombe State NYSC Coordinator, Chinwe Nwachukwu, disclosed that 1,349 corps members—comprising 649 males and 700 females—had been registered for the orientation exercise.

She noted that the corps members had adapted well to camp life and were actively participating in skills acquisition programmes, while also highlighting security measures, including aerial drone surveillance by the Nigerian Air Force 109 Combat Reconnaissance Group.

However, she listed challenges affecting the camp, including erratic electricity supply, heavy dependence on generators, and lack of a multipurpose hall.

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Why Politics Won’t Stop Abuja’s Massive Development Projects — Wike

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Wike States Preference for Elected Positions

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured residents that ongoing development projects across Abuja will continue uninterrupted despite growing political activities ahead of the 2027 general elections.

Wike gave the assurance on Tuesday during the flag-off of the construction of service carriageways of the Southern Parkway, from Arterial Road S20 (Oladipo Diya Way) to Ring Road II, as part of projects being inaugurated to mark President Bola Tinubu’s third year in office.

SEE ALSO: ‘You Can’t Fool Nigerians Anymore’ — Wike Blasts ADC, NDC

The minister said the FCT Administration remains focused on transforming the nation’s capital in line with the directives of President Bola Tinubu, stressing that politics would not derail the administration’s development agenda.

Addressing concerns over whether new projects would still be initiated as political campaigns begin to gather momentum, Wike said the government would continue to prioritize infrastructure development.

“Today is our 10th day of commissioning projects, and today was specifically selected because so many people have been asking questions: ‘Are you saying that after commissioning these projects, now that we are going into politics, there will be no more projects to embark upon?’” he said.

“We say no. Politics or no politics, we must continue to do that which Mr President has directed, to make sure that we change the entire landscape of the Federal Capital Territory.”

Wike expressed confidence that Abuja would undergo a remarkable transformation before the end of Tinubu’s first tenure in office.

“Let me clearly say that by the time Mr President finishes his first tenure on May 29, 2027, and before he is sworn in as President in his second tenure, the landscape of Abuja will entirely change to the glory of God,” he stated.

According to the minister, the various road and infrastructure projects being executed across the Federal Capital Territory are designed to improve infrastructure, ease transportation challenges, stimulate economic growth, and enhance the quality of life for residents.

President Tinubu was represented at the event by the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda.

The Southern Parkway project is one of several road and infrastructure developments currently being undertaken by the FCT Administration under Wike’s leadership.

The projects form part of broader efforts to modernise Abuja and position the city as a world-class capital.

The event was also part of the ongoing commissioning of projects marking President Tinubu’s third anniversary in office, with the FCT Administration highlighting its commitment to sustained development regardless of the political climate.

Wike maintained that governance and service delivery would remain the administration’s priority, assuring residents that more projects would be initiated and completed in the coming months despite preparations for the 2027 elections.

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